Logo of MBC Group

MBC Group announced the prospectus for offering 33.25 million shares in on Tadawul.

 

The Capital Market Authority (CMA) approved yesterday the application received from MBC to float 33.25 million shares, or 10% of capital on Tadawul.

 

The company’s capital currently stands at SAR 2.99 billion, divided into 299.25 million shares. A total of 33.25 million new shares will be issued for the IPO, so that the offered shares will constitute 10% of the group’s post-IPO capital, which will amount to SAR 3.325 billion (332.5 million shares), according to the prospectus.

 

The period for registering applications from participating parties and the process of book building will run for seven days from Nov. 30 to Dec. 6, 2023.

 

Meanwhile, the offering period will run for five days during Dec. 14-18, 2023.

 

The group's main activities are as follows:

 

- Free TV and radio broadcasting and supporting activities such as social media.

 

- Managing and operating the live media service platform, which includes video streaming on "Shahid" platform

 

-  Production of series and films.

 

- Other businesses include interactive games, events, music and talent management.

 

The group is 60% owned by Istedamah Holding Co. (IHC), and Chairman Walid Al-Ibrahim by 40%.

 

Company Profile

Company

MBC Group

Market

Tadawul

Core Activities

TV broadcasting and channel subscription activities

Capital Pre-IPO

SAR 2.992 bln

Number of Shares

299.25 mln

Capital after IPO

SAR 3.325 bln

Number of shares after IPO

332.5 mln
 

IPO Summary

 

Issue Percentage

10% of post-IPO capital

 

Number of Shares Offered

33.25 mln

 

Qualified Subscribers

Participating Parties, Retail Investors

 

IPO Minimum Size for Retail Investors

10 shares

 

IPO Minimum Size for Institutional Investors

50,000 shares

 

IPO Maximum Size for Retail Investors

250,000 shares

 

IPO Maximum Size for Institutional Investors

16.62 mln

 

Institutional Offer Period and Book Building

From Nov. 30 to Dec. 6, 2023

 

Retail Offering

From Dec. 14-18, 2023

 

Final Allocation

Dec. 21, 2023

 

Refund (if any)

Dec. 27, 2023

 

 

 

 

 

Special Information

 

Financial Advisor, Lead Manager, Institutional Bookrunner and Underwriter

HSBC Saudi Arabia – JP Morgan Saudi Arabia - SNB Capital

 

Lead Manager

HSBC Saudi Arabia

 

Receiving Banks

Saudi National Bank - Riyad Bank - Arab National Bank - Banque Saudi Fransi

 

 

Major Shareholders

Shareholders

Before IPO

Post-IPO

Number of shares

(mln shares)

Ownership (%)

Number of shares

(mln shares)

Ownership (%)

Walid Ibrahim Al-Ibrahim

119.70

40%

119.70

36%

Istedamah Holding Co.

179.55

60%

179.55

54%

Public

--

--

33.25

10%

Total

299.25

100%

332.50

100%

 

MBC Group posts SAR 46.3M earnings in H1 2023

 

For More IPOs

 
MBC Group Prospectus

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request